Comments on: A Bit More on Obama’s Executive Compensation Stand http://washingtonindependent.com/28902/a-bit-more-on-obamas-executive-compensation-stand National News in Context Tue, 31 Jan 2012 02:40:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Buddha of Hollywood http://washingtonindependent.com/28902/a-bit-more-on-obamas-executive-compensation-stand/comment-page-1#comment-36706 Buddha of Hollywood Thu, 05 Feb 2009 02:38:25 +0000 http://washingtonindependent.com/?p=28902#comment-36706 I am trying to refinance my mortgage.<br>I have a 6% 30 years fix now.<br>I have a credit score of 700, perfect income history, 5 time more equity than debt, perfect candidate.<br>I can't get a loan below 5% apr.<br>WHY?<br>Because the greedy bankers don't give a shit about me or you the economy or the country. <br>All they care about is their profits and huge salaries,<br>everything else expandable.<br>What is Obama doing for you?<br>NO THING!!! I am trying to refinance my mortgage.
I have a 6% 30 years fix now.
I have a credit score of 700, perfect income history, 5 time more equity than debt, perfect candidate.
I can't get a loan below 5% apr.
WHY?
Because the greedy bankers don't give a shit about me or you the economy or the country.
All they care about is their profits and huge salaries,
everything else expandable.
What is Obama doing for you?
NO THING!!!

]]> By: Helene http://washingtonindependent.com/28902/a-bit-more-on-obamas-executive-compensation-stand/comment-page-1#comment-36707 Helene Thu, 05 Feb 2009 01:17:21 +0000 http://washingtonindependent.com/?p=28902#comment-36707 While I believe less is more when it comes to government intervention, on this issue I wholeheartedly agree that income and perks should be limited for those who participate in the bailout until the money has been repaid.<br><br>For example: If you loan me money to assist me in paying my mortgage because I’ve fallen on hard times (e.g. unemployment) and I turn around take a trip to Paris and buy a new porche, you’re right to be outraged and upset. Worse still, if someone else compels you to loan me the money (the government) and I turn around and take that trip and make that purchase you’re likely to be even more upset because you had no direct, immediate say in the loan. <br><br>Yes, you elect the officials who sign off on these decisions, but once they make decisions like this that you don’t agree with you’re stuck until their terms are up.<br><br>When the government decides to loan MY tax dollars to institutions which I have no direct interest in, I demand that reasonable restrictions be attached to their acceptance of my hard earned money. While I believe less is more when it comes to government intervention, on this issue I wholeheartedly agree that income and perks should be limited for those who participate in the bailout until the money has been repaid.

For example: If you loan me money to assist me in paying my mortgage because I’ve fallen on hard times (e.g. unemployment) and I turn around take a trip to Paris and buy a new porche, you’re right to be outraged and upset. Worse still, if someone else compels you to loan me the money (the government) and I turn around and take that trip and make that purchase you’re likely to be even more upset because you had no direct, immediate say in the loan.

Yes, you elect the officials who sign off on these decisions, but once they make decisions like this that you don’t agree with you’re stuck until their terms are up.

When the government decides to loan MY tax dollars to institutions which I have no direct interest in, I demand that reasonable restrictions be attached to their acceptance of my hard earned money.

]]> By: John Awner http://washingtonindependent.com/28902/a-bit-more-on-obamas-executive-compensation-stand/comment-page-1#comment-36708 John Awner Thu, 05 Feb 2009 00:12:48 +0000 http://washingtonindependent.com/?p=28902#comment-36708 Capping executive pay at $500,000 a year for financial firms receiving "exceptional assistance" is a little late in coming and does nothing for us now. That horse is already out of the barn. Even if it does come back, I'm sure there are enough legal loopholes and "exceptions" lurking in that guideline to make it of little consequence. Obama did nothing, again.<br><br>Obama needs to get his nose out of the air and to the grindstone where it belongs. He ran around the country , hat in hand, begging for the job of President -- it's time he produces something of value in exchange for his salary. Capping executive pay at $500,000 a year for financial firms receiving “exceptional assistance” is a little late in coming and does nothing for us now. That horse is already out of the barn. Even if it does come back, I'm sure there are enough legal loopholes and “exceptions” lurking in that guideline to make it of little consequence. Obama did nothing, again.

Obama needs to get his nose out of the air and to the grindstone where it belongs. He ran around the country , hat in hand, begging for the job of President — it's time he produces something of value in exchange for his salary.

]]> By: outraged http://washingtonindependent.com/28902/a-bit-more-on-obamas-executive-compensation-stand/comment-page-1#comment-36709 outraged Wed, 04 Feb 2009 21:12:12 +0000 http://washingtonindependent.com/?p=28902#comment-36709 A good start but It's time to do more. Write your senator to pass a law to return the bonus money already paid to failed executives.<br>It's easy to do here: <a href="http://returnthebonus.wordpress.com/2009/02/04/executive-pay-limits-revealed-a-good-start/" rel="nofollow">http://returnthebonus.wordpress.com/2009/02/04/...</a> A good start but It's time to do more. Write your senator to pass a law to return the bonus money already paid to failed executives.
It's easy to do here: http://returnthebonus.wordpress.com/2009/02/04/…

]]> By: Buddha of Hollywood http://washingtonindependent.com/28902/a-bit-more-on-obamas-executive-compensation-stand/comment-page-1#comment-17607 Buddha of Hollywood Wed, 04 Feb 2009 18:38:25 +0000 http://washingtonindependent.com/?p=28902#comment-17607 I am trying to refinance my mortgage.<br>I have a 6% 30 years fix now.<br>I have a credit score of 700, perfect income history, 5 time more equity than debt, perfect candidate.<br>I can't get a loan below 5% apr.<br>WHY?<br>Because the greedy bankers don't give a shit about me or you the economy or the country. <br>All they care about is their profits and huge salaries,<br>everything else expandable.<br>What is Obama doing for you?<br>NO THING!!! I am trying to refinance my mortgage.
I have a 6% 30 years fix now.
I have a credit score of 700, perfect income history, 5 time more equity than debt, perfect candidate.
I can't get a loan below 5% apr.
WHY?
Because the greedy bankers don't give a shit about me or you the economy or the country.
All they care about is their profits and huge salaries,
everything else expandable.
What is Obama doing for you?
NO THING!!!

]]> By: Helene http://washingtonindependent.com/28902/a-bit-more-on-obamas-executive-compensation-stand/comment-page-1#comment-17585 Helene Wed, 04 Feb 2009 17:17:21 +0000 http://washingtonindependent.com/?p=28902#comment-17585 While I believe less is more when it comes to government intervention, on this issue I wholeheartedly agree that income and perks should be limited for those who participate in the bailout until the money has been repaid.<br><br>For example: If you loan me money to assist me in paying my mortgage because I’ve fallen on hard times (e.g. unemployment) and I turn around take a trip to Paris and buy a new porche, you’re right to be outraged and upset. Worse still, if someone else compels you to loan me the money (the government) and I turn around and take that trip and make that purchase you’re likely to be even more upset because you had no direct, immediate say in the loan. <br><br>Yes, you elect the officials who sign off on these decisions, but once they make decisions like this that you don’t agree with you’re stuck until their terms are up.<br><br>When the government decides to loan MY tax dollars to institutions which I have no direct interest in, I demand that reasonable restrictions be attached to their acceptance of my hard earned money. While I believe less is more when it comes to government intervention, on this issue I wholeheartedly agree that income and perks should be limited for those who participate in the bailout until the money has been repaid.

For example: If you loan me money to assist me in paying my mortgage because I’ve fallen on hard times (e.g. unemployment) and I turn around take a trip to Paris and buy a new porche, you’re right to be outraged and upset. Worse still, if someone else compels you to loan me the money (the government) and I turn around and take that trip and make that purchase you’re likely to be even more upset because you had no direct, immediate say in the loan.

Yes, you elect the officials who sign off on these decisions, but once they make decisions like this that you don’t agree with you’re stuck until their terms are up.

When the government decides to loan MY tax dollars to institutions which I have no direct interest in, I demand that reasonable restrictions be attached to their acceptance of my hard earned money.

]]> By: John Awner http://washingtonindependent.com/28902/a-bit-more-on-obamas-executive-compensation-stand/comment-page-1#comment-17572 John Awner Wed, 04 Feb 2009 16:12:48 +0000 http://washingtonindependent.com/?p=28902#comment-17572 Capping executive pay at $500,000 a year for financial firms receiving "exceptional assistance" is a little late in coming and does nothing for us now. That horse is already out of the barn. Even if it does come back, I'm sure there are enough legal loopholes and "exceptions" lurking in that guideline to make it of little consequence. Obama did nothing, again.<br><br>Obama needs to get his nose out of the air and to the grindstone where it belongs. He ran around the country , hat in hand, begging for the job of President -- it's time he produces something of value in exchange for his salary. Capping executive pay at $500,000 a year for financial firms receiving “exceptional assistance” is a little late in coming and does nothing for us now. That horse is already out of the barn. Even if it does come back, I'm sure there are enough legal loopholes and “exceptions” lurking in that guideline to make it of little consequence. Obama did nothing, again.

Obama needs to get his nose out of the air and to the grindstone where it belongs. He ran around the country , hat in hand, begging for the job of President — it's time he produces something of value in exchange for his salary.

]]> By: outraged http://washingtonindependent.com/28902/a-bit-more-on-obamas-executive-compensation-stand/comment-page-1#comment-17441 outraged Wed, 04 Feb 2009 13:12:12 +0000 http://washingtonindependent.com/?p=28902#comment-17441 A good start but It's time to do more. Write your senator to pass a law to return the bonus money already paid to failed executives.<br>It's easy to do here: <a href="http://returnthebonus.wordpress.com/2009/02/04/executive-pay-limits-revealed-a-good-start/" rel="nofollow">http://returnthebonus.wordpress.com/2009/02/04/...</a> A good start but It's time to do more. Write your senator to pass a law to return the bonus money already paid to failed executives.
It's easy to do here: http://returnthebonus.wordpress.com/2009/02/04/…

]]>